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The Seminar took place at Bulgarian Chamber of Commerce and Industry conference hall. Highly-professional topics attracted around 50 Financial Managers from more than 30 companies, operating in different business fields, among that names such as...

The Seminar will provide participants with the opportunity to hear from practitioners with more than 20 years of international experience about the procedures, regulations and practice concerning posting of workers in the framework of provision...

The VAT registration in this case will be done under a simplified administrative procedure. This will avoid the need for individuals to visit both administrations. It is also proposed to remove the obligation for taxable...

The draft amendments to the Tax and Insurance Procedure Code provide that legal persons who did not carry out activity during the tax year and who are exempted from submitting an Annual Activity Report should...

This acquisition strengthens the business of Leinonen Group in Norway and increases the clientele. With this acquisition comes new personnel that bring deeper competences in Norwegian market. “It is great to gain deep local knowledge...

The Seminar will provide participants with the opportunity to hear from practitioners with more than 20 years of international experience about the procedures, regulations and practice concerning posting of workers in the framework of provision...

From September 1, the National Revenue Agency will refund VAT without verification to companies meeting certain conditions. The simplified procedure for VAT refunding will be available only to companies that are determined by the revenue...

This year Bulgaria is celebrating the 131th anniversary since the Unification of the Principality of Bulgaria and Eastern Roumelia. The Treaty of Berlin (1878) leaded by “Great powers” divided the newly restored from Ottoman...

We are proud to announce Leinonen Bulgaria accounting, payroll and tax compliance services certification under the latest edition of the international quality management standards ISO 9001:2015. The certificate was issued by Bureau Veritas on 25th...

How do you describe the current business environment in the country? Are any new tax rate or legislation changes influencing it? If so, how? The biggest news in our business sector is the new Accounting...

On 10th of March Leinonen Bulgaria launched its Advisory Unit on a specially organized seminar named “VAT aspects in cross-border transactions with EU member States”. The idea was to share Leinonen expertise in EU VAT...

Applications for initial registration of traders with Commercial Register will be reviewed by the end of the next working day of their entry into the Commercial Register. Delivery will take place immediately after the examination...

Applications for initial registration of traders with Commercial Register will be reviewed by the end of the next working day of their entry into the Commercial Register. Delivery will take place immediately after the examination...

Established in 872, Norway is one of the original states of Europe and among the oldest still existing kingdoms worldwide. The country has obtained one of the highest standards of living in the world in...

Sweden is the third-largest country in the European Union by surface area. The most important sectors of Sweden’s economy in 2014 were public administration, defence, education, human health and social work activities (24.5 %), industry...

Finland is one of the most sparsely-populated countries in the EU. The most important sectors of Finland’s economy in 2014 were public administration, defense, education, human health and social work activities (22.2 %), industry (19.8...

All legal entities resident and non-resident but with place of business in Bulgaria have to file a corporation income tax return no later than March 31, 2015 even if there is no tax payable. Obligied to submit...

Generally, corporations have to pay their taxes in monthly or quarterly instalment payments depending on incomes earned in the previous fiscal year. No advance tax is payable if the total income is less than 300 000 BGN. Corporations...

April 30th is the deadline for submission of annual tax returns of individuals and sole traders. Taxable income could include non-labor incomes such as: rental, financial, interest incomes and others. Some of the tax benefits...

“Our main priority is to improve the business environment and reducing the administrative burden, "said Minister Lukarski in a meeting with German and French businesses in Bulgaria. The Ministry's efforts will be directed towards conducting...

The new system"mini-One-Stop-Shop" (MOSS) is already active in Bulgaria for suppliers of broadcasting, radio and television services and electronic services when the recipients are non-taxable persons. The suppliers can register under the special regime for...

Automatic exchange of information between the tax administrations of EU Member States starts from 2015. Thus Local Tax offices will be able to collect information about their citizen’s incomes acquired abroad. In case the recipient...

The maximum amount of insurable income is increased from 2400 BGN in 2014 to 2600 BGN in 2015. The minimum income increases as well to 360 BGN (equal to minimum wage). Distribution of social contributions...

Concealment of social mandatory contributions in large size (over 3 000 BGN) is criminalized. Employers who do not pay contributions on real wages of its employees could face fines and imprisonment from 1 to 6...

The procedure for announcing the amounts, representing hidden profit distribution in the annual tax declaration has changed. There is special line for this in the tax declaration. Costs and amounts which are not connected with...

From 01.01.2015 German residents, who realize income from rental equipment in Bulgaria, may be exempted from tax at the source under the Corporate Income Tax Act and Income Tax of individuals on the basis of...

Withholding tax charging on income from interest and royalties, received from affiliated entities established in EU (subject to certain additional conditions) is 0 % from the beginning of this year. Earlier the tax was 5...

The adopted amendments also provide companies registered under Bulgarian law for less than three years with the option to acquire ownership of agricultural land if the partners in the company, association members or founders of...

E-invoicing gives the opportunity for our clients’ customers to receive their invoices immediately without the need for actual printing and sending out. This saves paper as well as courier costs. E-invoicing also reduces the time...

The direct foreign investments in Bulgaria show decrease of 37% on an annual basis for the first six months of 2013: EUR 711 Million, compared to EUR 1,134 Million in 2013.Income from foreign tourists for...

In recent years, the assessment of internal control has become a much higher priority of many companies. New auditing standards have required a more thorough review and reporting on internal controls and highly publicized fraud...

Foreign direct investment in Bulgaria decreased by 20% year on year to EUR 49.2 million for the period January - March, shows a comparison of the unrevised data provided by the Bulgarian National Bank.The major...

The Commission for protection of personal data adopted a new Regulation concerning the minimum level of technical and organizational measures and admissible type of protection of personal data. The Regulation introduces five different types of...

According to the new Corporate tax law whenever a prior year misstatement is discovered, the entity must notify the National Revenue Agency, which will take actions for correcting its tax liability. The methods for calculating...

According to the VAT law, tax deduction will be available for the rent of vehicles as well as for any consumables and services related to their maintenance, repair and use. The restricted tax deduction regulations...

Starting 1 January 2013, the tax on expenses (entertainment expenses, social expenses, expenses for additional voluntary insurance, expenses for food vouchers, expenses for vehicles used for managerial activity) will be accrued over the annual tax...

Additional changes include: The maximum threshold used as a base for calculation of social contributions increases from 2000 BGN to 2200 BGN starting from 1 January 2013.Gambling activity will be taxed at 15% regardless whether it is online...

Group articles

Being a business owner or a manager for your company can sometimes mean you are the one keeping an eye on everything. Being responsible for your company’s success and making sure everything happens as you...

Leinonen Group was established nearly 30 years ago, the Estonian branch celebrated its 25th birthday last year. Soon the same celebrations will take place in the St. Petersburg and Latvian offices.The journey started with Mr....

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